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>Apple suppliers Luxshare Precision Industry and Foxconn lol this is a political move, they are just creating Vietnamese shell companies owned by their same Chinese suppliers to get some good PR.
Last time I look, Apple was hiring a lot of HW engineers in Saigon. (Still no SW engineers, though :))
Also, Foxconn is a Taiwanese company, not Chinese. (Setting aside the issue of "what is China, really".)
A lot of comments here are criticizing Apple for chasing cheap labor. Ignoring for a second the fact that this has a lot more to do with geopolitics and hedging geopolitical risk, I think it's important to think more carefully about the impact of companies investing in developing economies. By and large, the factory work done by people in developing economies is dramatically better in terms of quality of life and saf…
Unfortunately that engine will now falter and many will be left behind.
For an eye opening survey here, I highly recommend the book Invisible China.
A lot of comments here are criticizing Apple for chasing cheap labor. Ignoring for a second the fact that this has a lot more to do with geopolitics and hedging geopolitical risk, I think it's important to think more carefully about the impact of companies investing in developing economies. By and large, the factory work done by people in developing economies is dramatically better in terms of quality of life and saf…
Capitalism is one of the biggest eradicators of poverty. 1B of people in China was lifted from poverty because of it. And once it's done with one poor country, it starts taking care of the others :)
How is no one mentioning that China is threatening Taiwan. If the US ends up in a war with China, suddenly most Apple products would have serious operations problems if not being shut off completely. Cheap labor isn't a bad reason, but this is also a hedge against the heating politics between the West and both Russia and China.
I don't really see what the problem is with offshoring. If other people elsewhere want to work for cheaper, then it's fair competition. It's not like protectionism would work long term anyways. And in this particular case, Vietnam is more aligned with the US than China, geopolitically, so this makes a lot of sense.
In the end what’s the point of having cheaper products if no one has a job to buy them.
>Apple suppliers Luxshare Precision Industry and Foxconn lol this is a political move, they are just creating Vietnamese shell companies owned by their same Chinese suppliers to get some good PR.
A lot of comments here are criticizing Apple for chasing cheap labor. Ignoring for a second the fact that this has a lot more to do with geopolitics and hedging geopolitical risk, I think it's important to think more carefully about the impact of companies investing in developing economies. By and large, the factory work done by people in developing economies is dramatically better in terms of quality of life and saf…
They claim to be championing labor rights, but they are often just angered at companies for stopping all manufacturing in the West. They see it as an obvious weakness in their ideology that companies can just walk away from their labor movement and go elsewhere.
The obvious truth, and what literally all of these Vietnamese workers will tell you, is that foreign tech manufacturing is an amazingly better paying job than what is currently available.
The true story with China is that moving Western manufacturing to China raised the standard of living for literally hundreds of millions of Chinese people out of poverty.
Earlier quoted context omitted.
They were never going to build Apple products there though. That was for LCD television components.
I don't think the point they were making was about Apple products being built there, but that Foxconn continues to put their attention elsewhere with other projects.
Earlier quoted context omitted.
Capitalism is one of the biggest eradicators of poverty. 1B of people in China was lifted from poverty because of it. And once it's done with one poor country, it starts taking care of the others :)
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